Richard Santulli has a lot to answer for. His idea of selling shares in business-jets has stimulated a raft of wannabe competitors as the fast-growing industry has spread from North America to other regions. Through his company, known as NetJets), Santulli has spawned fractional ownership - 'frax' for short - and established an industry which is now perhaps aviation's fastest-growing sector. So popular has the idea become that Netjets and its competitors now command the order books of manufacturers such as Bombardier, Cessna, Gulfstream and Raytheon, while demand from the traditional corporate customer base has succumbed to recession.
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